Bears needn’t cower in fear after yesterday’s bullying thrust, since all the rally did was gap through weak supply created by the two do-nothing days that ended last week’s dirge. The buyers left untested some real supply not far above in the form of three peaks, respectively, at 923.50 (May 20), 927.75 (May 8), and 929.50 (May 7).  There is no need to go out on a speculative limb here, since Mr Market will tell us what’s on his tiny, malevolent mind by either getting past those peaks soon or not. If the resistance gives way, however, you can bet that the rally will continue to at least 940.50, the Hidden Pivot of the pattern shown in the accompanying chart.